Galway Metals (CVE:GWM) Trading Down 13.8% – Here’s Why

Galway Metals Inc. (CVE:GWMGet Free Report)’s stock price was down 13.8% during mid-day trading on Saturday . The stock traded as low as C$0.55 and last traded at C$0.56. Approximately 949,736 shares were traded during mid-day trading, an increase of 1,090% from the average daily volume of 79,816 shares. The stock had previously closed at C$0.65.

Galway Metals Price Performance

The stock has a market cap of C$53.42 million, a P/E ratio of -7.00 and a beta of 2.44. The firm has a 50-day moving average price of C$0.41 and a 200-day moving average price of C$0.42. The company has a debt-to-equity ratio of 1.08, a quick ratio of 4.81 and a current ratio of 3.16.

About Galway Metals

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Galway Metals Inc engages in the acquisition, exploration, and development of mineral resource properties in Canada. The company primarily explores for gold, zinc, copper, silver, and lead deposits. It holds a 100% interest in the Clarence Stream project located in southwest New Brunswick, Canada; and Estrades mine, related Newiska concessions, and adjacent Casa Berardi claims located in western Quebec, Canada.

Further Reading

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